[THE INVESTOR] South Korea’s consumer prices increased at the slowest pace in 16 months, rekindling concerns of possible deflation, government data showed Sept. 1.
The country’s consumer price index rose 0.4 percent last month from a year earlier, staying below the 1 percent level for four straight months, according to the data compiled by Statistics Korea.
The August figure also marked the lowest on-year gain since April last year, when it moved up 0.4 percent.
From a month earlier, the index edged down 0.1 percent in August.
Core inflation, which excludes volatile oil and food prices, increased 1.7 percent compared with last year, remaining unchanged from a month earlier.
